CareZone Raises $50m in Series D Venture Capital Funding

CareZone, a San Francisco, Calif.-based smartphone service for managing chronic health conditions, raised $50m in Series D funding.

The round, which brings total financing to $150m, was led by New Enterprise Associates.

The company intends to use the funds to expand its consumer reach and continue to grow its network of pharmacy and health partners.

Founded in 2012 by former CEO of Sun Microsystems Jonathan Schwartz, and former Microsoft and Apple engineer Walter Smith, CareZone is a smartphone service for managing chronic health conditions. The app is able to scan medications from every pharmacy in the nation (including Walgreens, Rite-Aid, CVS, Kroger and Walmart) to automate consumer data entry; connect scanned medication lists to free medication pill packeting and home delivery services; automate Medicare insurance analysis; and provide a selection of subscription vitamin and supplement offerings to meet non-clinical and over-the-counter care needs.
Launched in 2012, CareZone has attracted more than three million registered users who have used the app to scan more than 15 million medications, placing more than 100,000 orders for home delivery with partner pharmacies.



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